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Post by waryinvestor on Jan 26, 2020 22:40:38 GMT
If any of you with access to DD Central are interested in the black hole that swallowed £2.5m of Wellesley funds, take a look at this thread (the line in red and subsequent paras) relating to a new Loanpad loan. Aparently just under £1.5m recovered by Wellesley of a £4m loan, 38% recovery from a resale back to the borrower.
The borrower was also connected to a repaid Lendy loan, PBL132, which is now in administration via the subsequent lender.
Sorry, I don't have access. How to get access ?
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star dust
Member of DD Central
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Likes: 3,531
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Post by star dust on Jan 26, 2020 22:58:46 GMT
If any of you with access to DD Central are interested in the black hole that swallowed £2.5m of Wellesley funds, take a look at this thread (the line in red and subsequent paras) relating to a new Loanpad loan. Aparently just under £1.5m recovered by Wellesley of a £4m loan, 38% recovery from a resale back to the borrower.
The borrower was also connected to a repaid Lendy loan, PBL132, which is now in administration via the subsequent lender.
Sorry, I don't have access. How to get access ?
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Post by closetotheedge on Mar 18, 2020 15:57:03 GMT
Just received a six monthly update on the P2P account. Cannot find the last one. Can anyone see if it has got much worse. Also got a few hundred in cash back to the holding account which thankfully this time they chose not to throw back out on loan. I shall see how much toilet paper and handwash I can get for it on Tesco.com.
Rich
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tjtl
Posts: 232
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Post by tjtl on Mar 18, 2020 17:31:30 GMT
Got the same update-for my loans doesn't appear to have got any worse, and have received a partial payment, and the language in the update was more positive than I expected.
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ferdy
Member of DD Central
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Post by ferdy on Mar 18, 2020 18:53:10 GMT
Slightly worse for me but a few bob returned.
Can anyone explain the transactions though? Lots of entries but not much clarification.
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